Bovis Homes agrees £1.1bn deal for Galliford Try housing business November 7, 2019 Bovis Homes has agreed to snap up Galliford Try’s housing arm for almost £1.1bn. The housebuilders have shaken hands on a deal that will see Bovis stump up £300m cash and £675m in shares to acquire Linden Homes and Galliford Try Partnerships & Regeneration. Read more: Uncertain times are leading to London property microclimates The [...]
Uber rival Bolt bolsters green credentials with environmental investment fund November 7, 2019 Ride-hailing app Bolt is set to launch a €10m environmental impact fund in a bid to boost its green credentials. Bolt, which recently committed to making all journeys taken via its app will be made carbon neutral through offsetting, said the fund would invest in initiatives that deliver “social and environmental benefits”. Read more: Uber [...]
Labour ‘parachute’ row over Cities candidate selection November 6, 2019 LABOUR’S candidate for the prized Cities of London and Westminster seat has come under fire from critics who claim the party parachuted him in, despite ongoing questions about his role in the party’s anti-Semitism scandal. Gordon Nardell QC’s candidacy was announced on Tuesday afternoon, having been selected by a panel that included figures from Labour’s [...]
Redrow suffers shareholder revolt over chairman role and executive pay November 6, 2019 Housebuilder Redrow suffered a shareholder revolt at its annual general meeting today as around a third of investors voted against the appointment of its executive chairman and payment plans for senior management. At the meeting in central London today, 31.38 per cent of shareholders voted against the re-appointment of John Tutte as executive chairman, while [...]
General Election 2019: Boris Johnson pledges to create enterprise economy November 6, 2019 Boris Johnson has urged voters to back him in order to get parliament working “for you”. Speaking outside Number 10 after an audience with the Queen to officially dissolve parliament, Johnson said the choice was to “come with us – a government that believes in a dynamic economy – or vote for Labour, “the only alternative”. [...]
General Election 2019: Welsh secretary Alun Cairns resigns over rape trial allegations November 6, 2019 Welsh secretary Alun Cairns has resigned following allegations his former aide “sabotaged” the trial of a rape victim. Ross England made claims about the victim’s sexual history in an April 2018 trial which led to its collapse. Yesterday Cairns denied knowing about this, but the BBC claimed to have seen an email sent to him in August [...]
Brexit latest: EU tells Boris Johnson to propose new commissioner November 6, 2019 The EU Commission’s incoming president has written a letter to Boris Johnson, telling the Prime Minister she expects him to propose a new candidate for commissioner. The letter, sent by Ursula von der Leyen today, suggests Johnson put forward a female name. Commission spokeswoman Dana Spinant told reporters: “The president-elect has sent a letter to [...]
Competition and Markets Authority approves £1.4bn Unite Students acquisition of Liberty Living November 6, 2019 The UK competition watchdog has approved the £1.4bn acquisition of student accommodation provider Liberty Living by rival firm Unite Students. The Competition and Markets Authority announced today that it has decided not to escalate its investigation into the merger to a stage two inquiry after seeking comment from interested parties on whether the take over [...]
Morrisons takes fight over data breach liability to Supreme Court November 5, 2019 Morrisons will begin its final appeal to the Supreme Court this week after losing a landmark case over the liability of employers in staff data breaches. The supermarket giant lost an initial challenge at the Court of Appeal in October last year after a judge ruled that the supermarket was legally liable for a former [...]